Nikhil Kamath backs Jio IPO, calls it a bright spot in a tough market
- Zerodha co-founder Nikhil Kamath is bullish on Jio Platforms’ ₹30,213 crore IPO.
- He sees the mega issue as a bright spot amid challenging market conditions.
- Jio’s IPO was fully subscribed within just 100 minutes of opening on October 21.
- • The IPO is India’s largest, with proceeds largely earmarked for debt repayment at Reliance Jio Infocomm.
Source: moneycontrol.com
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